Market Updates

How do prices differ now than when they peaked in 2022? Have we made up the losses we’ve seen? The numbers are interesting.

Buyers are sitting on the sidelines waiting for better conditions in the real estate market, but is now actually a good time to purchase a home?

nationwide, inventory is up 35.9% compared to one year ago. Inventory here is up even more. Find out how much and what else is happening in our local market in our market update.

There’s evidence prices are down in some parts of town. Find out more in this week’s market update.

What’s happened to prices and monthly payments near you? Find out in this week’s market update.

Buyers we talk to want to time the market so they jump in when they can get the perfect interest rate and home prices aren’t higher than they are now. More on this in our weekly Market Update

Numbers are available for last month and the market is definitely heating up. See how things are changing in this week’s market update.

Everyone has been asking about “that settlement,” so we think covering it in this week’s market update is essential. They’re asking about the proposed settlement between the National Association of Realtors (NAR) and home sellers. Once the court approves the settlement – likely in June or July – the way homes are bought and sold throughout the country will change. Let’s dive into that in this week’s Market Update.

Detached homes are selling faster than they have been, but attached homes are taking longer to sell due to the increase in condo inventory. Rising inventory gives buyers more to choose from and puts pressure on sellers to price right.  Our local market in February: Residential – Detached and Attached Homes Average Closed Price: $676,575+3.27% month-over-month+3.04%

From January 2023 to January 2024, the median price of a home sold in our area went from $539,950 to $569,900, a 5.5% increase. What’s in store for 2024? Some experts have recently revised their predictions. Attempting to predict the future is like solving a puzzle with missing pieces and constantly changing shapes. It’s not impossible,